cryptocurrency theft News

N. Koreans Steal LinkedIn Resumes to Get Remote Work at Crypto Firms: Researchers

North Koreans are plagiarizing online resumes and pretending to be from other countries to get remote work at cryptocurrency firms to aid illicit money-raising efforts for the government, cybersecurity researchers say, following a U.S. warning on a similar scheme in …

U.S. Crypto Company Nomad Hit by $190 Million Theft

U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the …

How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug Traffickers

BRATISLAVA – In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that …

Crypto Firms Being Targeted by North Korea Hackers, Warns DeFiance Capital Founder

All prominent cryptocurrency organizations are probably being targeted by North Korean hackers and should strengthen their cybersecurity, according to the founder of a crypto fund. North Korea is likely to devote more resources to such attacks given the success it’s …

Cops Struggle to Keep Up With ‘Staggering’ Levels of Crypto Seizures

One spring day in a village just west of London, residents saw a man being muscled into a car in front of a nearby house. He reappeared with cuts and bruises 13 hours later, but the cops had already discovered …

Consumers Risk Losing All Their Crypto Investments, EU Regulators Warn

Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on Thursday. “Consumers face the very real possibility of losing all their …

Crypto Market Risks Should Be Priority for Global Regulators: Financial Stability Board

Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog for the G20 economies, said on Wednesday. While cryptoassets like …

Couple Accused of Laundering $4.5B in Bitcoin Tied to 2016 Hack

The U.S. Justice Department said on Tuesday it has unraveled its biggest-ever cryptocurrency theft, seizing a record-shattering $3.6 billion in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex and arresting a husband-and-wife team on money laundering charges. …

Crypto Platform Wormhole Says ‘Funds Are Safe’ After Hackers Steal $320M

Cryptocurrency platform Wormhole said on Thursday that “all funds are safe” after hackers stole more than $320 million from its site in the fourth-largest crypto heist on record. Wormhole, which allows the transfer of information from one crypto network to …

Crypto Exchange Binance Builds $1B Insurance Fund After Industry’s Recent Hacks

Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo. Binance, the world’s largest crypto exchange by trading volume, has been earmarking money …